Pacific Energy Limited - Panel Publishes Reasons

The Takeovers Panel (the Panel) has today published the reasons for its decision in relation to the application from Pacific Energy Limited dated 14 September 2004 alleging unacceptable circumstances in relation to the off-market takeover bid by Energy World International Limited for all the ordinary shares in Pacific Energy Limited.

Details of the Panel’s decision were announced on 13 October 2004 in Panel media release TP04/92, available on the Panel’s website at: Media Releases.